Question
What is the current interest rate for Kisan Vikas Patra
(KVP) for the period from October to December 2024, as announced by the Department of Economic Affairs, Ministry of Finance?Solution
The interest rates for Small Saving Schemes, including the Kisan Vikas Patra, have been maintained at the same levels for the third consecutive quarter by the Department of Economic Affairs, Ministry of Finance. For the KVP, the interest rate is set at 7.5% for the third quarter of FY 25.
Any security provided to the bank in exchange for a loan is known as ______.
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